Turning around the No credit history for better
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Turning around the No credit history for better

Turning around the No credit history for better

Add to Favorites:
We know without a doubt that life without credit cards can seem pretty difficult. Many people have a credit card, if not for regular use at least to maintain a reasonably good credit history. I am sure by now you know that the longer you have accredit card the better your chances at having a good credit history. Keeping this in mind many youngsters are aspiring to start early and work on their credit history. It is important to bear in mind that you are not alone and that many others would be also wishing to do the same. But as a beginner with no credit records banks will be unwilling to extend to you credit facilities. Add to that new rules, people under 21 years of age, have more of a difficult time getting a credit card on their own. Whether you are below 21 years of age or you are over it, you will need to show adequate proof and documentation for your first credit card. You would also wish to acquire a low interest card and if your purpose is to maintain a credit history then you could also opt for one that has a low credit limit. But in terms of getting a credit score then you would be wiser to opt for a higher credit limit with time as you get used to the card and payments. Sometimes marketing emails come promising many things. It is not wise to leap to it based on these emails as what is available and what you are eligible for may often be two different things altogether. Do your research thoroughly and make sure you know what you are eligible for before applying. Too many applications and rejections will not look good on your credit report. Additionally it is also important to make sure that you apply for credit cards that are secured if options look bad. This will allow you to develop a working relationship at first and then eventually move on to an unsecured credit card from the bank. For applicants under the age of 21 in most cases there is need for a co-signor to be allowed to have a credit card on their own. This has been due to increasing debts among many college going youngsters. There is also another option for those under 21 years of age. You can also get a credit card if you can show proof that you have sufficient means of payment such as a job or a record of payment that is consistent and stable. In such cases an exception may be made so that people can apply for and be eligible for receiving a credit card. In most cases where there is no credit history you can consider approaching a bank where you have had years of relationship and a steady checking account with regular transactions occurring. The bank will be more open to providing you options in terms of what credit cards you can get and what deals will work best for you.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When Amazon.com was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading